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LEGL 2700 EPSTEIN TEST 2 QUESTIONS AND CORRECT ANSWERS $14.49   Add to cart

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LEGL 2700 EPSTEIN TEST 2 QUESTIONS AND CORRECT ANSWERS

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LEGL 2700 EPSTEIN TEST 2 QUESTIONS AND CORRECT ANSWERS...

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  • November 7, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LEGL 2700 EPSTEIN
  • LEGL 2700 EPSTEIN
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LEGL 2700 EPSTEIN TEST 2 QUESTIONS AND
CORRECT ANSWERS


contracts - ANSWER legally enforceable promise or exchange of promises



bilateral - ANSWER type of contract where both parties have obligations in the contract



unilateral - ANSWER type of contract where only one party has an obligation



express - ANSWER type of contract that is directly stated with words that set out terms



implied-in-fact - ANSWER type of contract that conduct the parties evidencing their
intent to enter the contract (by actions you have indicated that you intended to have a
contract)



implied-in-law - ANSWER type of quasi-contract where a party was unjustly enriched
(force a contract)



executed - ANSWER when all obligations of a contract have been completed



executory - ANSWER when there are still open obligations in a contract



valid - ANSWER enforceable, nothing wrong



void - ANSWER no good from the get-go

, voidable - ANSWER can be cancelled



unenforceable - ANSWER would have been valid, but there's some issue with it that the
court finds



offer - ANSWER a promise or commitment to perform or refrain from performing some
specified act in the future; "the quality of the ______"



revocation - ANSWER when the offeror cancels the offer; can be done any time before
valid acceptance



rejection - ANSWER the offeree doesn't accept the offer

counteroffer - ANSWER a rejection with a new offer suggested



lapse of time - ANSWER say you have until a certain time to accept, but you can still
revoke it before then; offer dies after the date



subject matter destruction- ANS when the thing being offered is destroyed



offeror death or insanity- ANS when offeror no longer has capacity to nake offer



subject matter illegality - ANS offer is illegal



mirror image rule- ANS acceptance much match offer exactly to create binding contract



silence - ANSWER being silent on the offeree's part does not imply acceptance;
"automatic shipment" in course of dealing between parties may alter this rule



mailbox rule - ANSWER once the offeree has sent the acceptance into the mailbox, it is

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